KIBO MINING PLC - Appointment of Adviser

Appointment of Adviser

  Kibo Mining Plc (Incorporated in
  Ireland) (Registration Number: 451931)
  (External registration number:
  2011/007371/10) Share code on the JSE
  Limited: KBO
  Share code on the AIM:
  KIBO ISIN:
  IE00B97C0C31
  (“Kibo” or “the Company”)


  Dated: 05 September 2017


                           Kibo Mining Plc (‘Kibo’ or the ‘Company’)
                                    Appointment of Adviser

Kibo Mining plc (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and
development company, is pleased to announce that it has appointed St Brides Partners Ltd as its
investor and media relations representative.

                                             **ENDS**

For further information please visit www.kibomining.com or contact:

Louis Coetzee           +27 (0) 83 2606126     Kibo Mining Plc      Chief Executive Officer


Andreas Lianos          +27 (0) 83 4408365     River Group          Corporate Adviser and
                                                                    Designated Adviser on
                                                                    JSE
Jon Belliss             +44 (0) 207 382 8300   Beaufort             Broker
                                               Securities Limited
Andrew Thomson          +61 8 9480 2500        RFC Ambrian        NOMAD on AIM
                                               Limited
Hugo de Salis / Priit   +44 (0) 207 236 1177   St Brides Partners   Investor and Media
Piip                                           Ltd                  Relations Adviser



Notes to editors:

Kibo Mining is listed on the AIM market in London and the AltX in Johannesburg. Kibo Mining is
focused on exploration and development of mineral projects in Tanzania, and controls a large
mineral rights portfolio in Tanzania.

Kibo Mining holds a thermal coal deposit at Mbeya, which has a significant NI 43-101compliant
defined resource, and is developing a 250-350 MW mouth-of-mine thermal power station, the
Mbeya Coal to Power Project ("MCPP"), previously called the Rukwa Coal to Power Project
("RCPP"), with an established management team that includes ABSA / Barclays as Financial
Advisor. Kibo has completed a Coal Mining Definitive Feasibility Study and a Power Pre-
Feasibility Study for the Mbeya project and has recently announced the completion of an Integrated
Bankable Feasibility Study report for the project. On 25 August 2016, Kibo signed an Agreement
with China based EPC contractor SEPCO III granting it the right to become the sole bidder for the
EPC contract to build the power plant component of the MCPP in exchange for SEPCO III
refunding 50% of the development costs incurred by Kibo to date on the project. Kibo has already
received the first tranche of this funding in the amount of US$1.8 million on the 5th September
2016 and signed an EPC contract with SEPCO III on the 19th December 2016.

Kibo also holds the Haneti Project on which the latest technical report confirms prospectivity for
nickel, PGMs, gold and strategic metals including lithium.

Kibo Mining's projects are located in central Tanzania and in the Mtwara Corridor in southern
Tanzania where the Government has prioritized infrastructural development attracting significant
recent investment in coal and uranium. Kibo Mining has a positive working relationship with the
Tanzanian government at local, regional and national levels and works hard to maintain positive
relationships with all communities where company interests are held. Kibo Mining recognizes the
potential to enhance the quality of life and opportunity for Tanzanian citizens through careful
development of its projects.

Johannesburg
05 September 2017
Corporate and Designated Adviser
River Group

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